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Search Results 0 to 19 of about 20 (some duplicates have been removed)
hand on the fiscal cliff. house speaker john boehner's facing something of a revolt within gop's ranks over his budget plan. we'll have the latest from washington when we come back. >>> talks between the white house and republicans over the fiscal cliff have ran to something of a holt. john boehner dealing with division in the gop's ranks to his bung budget plan. another shanghai surprise. china's mainland market surge nearly 3%. more austerity. plus, austerity measures are hitting european consumers. retail sales in october fall much more than expected. september also revised sharply to the downside. >>> it was a flat day really for european stocks, slightly negative for u.s. stocks yesterday. we are a little bit higher. the dow is currently some 43 points above fair value. the nasdaq is around four points above fair value. the s&p 500 at the moment is around about four points above fair value. european stocks are up half a percent earlier. we have come off those highs. eurozone pmis a little bit better than expected. but still deeply in contraction territory. uk services pmis dipped
12% this year. so, what could go wrong? fiscal cliff. this is something weighing op consumer sentiment and we're starting to see it in the weekly -- look at this -- 39% said it would affect it some. they don't seem to have much faith in congress to fix it and any time except 11th hour and maybe a week into the new year and there's this payroll tax holiday that most people have been enjoying now for well over a year. almost two years now. it's about 20 for somebody who earns say $50,000, but they're getting extra because the payroll tax deduction has been changed a little. they're getting a break on that. but that goes away, people are going to have less money in their paycheck. i've been hearing from dwsh stating that theory re tayloi t they're concerned. a lot of people buy their holiday presents based on taxes and no one is really certain what is going on. >> yeah, absolutely. all right. christine romans for us this morning in new york. thank you, christine. >>> well, he is college football's most inspirational figure and his story is much different than most young men who
-care it waltz. >> i recollection. then it was the fiscal cliff. there is always something out there holding companies back. i think this means this is the new normal. we have a distrust of washington. we are not sure the economy will get better and it's kinds of every man for himself. alisyn: thanks so much. the economy is the focus of a debate in michigan where an historic employment bill is about to become law. mike tow tobin is live from chicago. >> reporter: the point republicans are trying to sell is this does not target collective bargaining. all the legislation does according to republicans is make optional union dues and union membership for everyone other than police and firefighters. union members say it attacks their foundation and in all places, michigan, the cradle of organized labor. >> you will have people that will be working right alongside of you that will not have to pay union dues that you pay union dues but will still be able to get all the benefits from being a union member. >> reporter: unlike the drawnout labor standoffs we have seen. this moved rapidly through the l
republican hand on the fiscal cliff now for better part of a month. this is something to look forward to. that you have two republicans leading the party of this stature and capability. who are movement conservatives in the sense they're both intellectuals. to get these issues viscerally this is something to put you in a good mood. >> bret: rubio talked about the middle class. ryan talked about lifting people out of poverty. different messages than we heard on the campaign trail this past year. >> rub row also seemed to be sort of disagreeing with mitt romney's argument a little bit. the 47% people who just want hand-outs. kind of a thing. which he disagreed with before. it's interesting because i think it's reprehensible message. i also, i wonder where jeb bush fits in to this also. i can't speak to that since i'm not a conservative but i think he would be one of leading contenders along with these two gentlemen. >> charles? >> i share steve's optimism. we are looking at the future of the party. generational change. the goldwater republicans and the rockefeller republicans and if you lo
that we're not going to go over the fiscal cliff, or put everything on television. because i don't think i thought i would ever say this, but i do agree with grover nordqvist that this could give a hint about what each party is doing and who they are protecting. i think the democrats and the president would come out looking good on this, because from the very beginning they have said that they want to protect the middle class, extending middle class tax cuts. frankly, tax cuts for everybody on the first $250,000. republicans are saying no to that simply to protect tax cuts for the top 2% of the wealthy. let's put that on camera. let's let the american people see where each party is, who they want to protect, who they want to see move forward, who they want to make sure gets these tax cuts and who doesn't. and i think that would basically make them go somewhere. >> people just might buy tickets to a battle like that one. >> i think we could sort it out right here, actually. >> you think? >> absolutely. let's do it. >> the big shocker in the senate was the announcement by south carolina repu
operation twist is coming to an end. b, because we have the fiscal cliff or fiscal gentle slope or whatever it turns out to be to negotiate and c, because we haven't found our legs in the u.s. and we clearly have some global headwinds coming in 2013. however, the thing about this qe in the u.s., unlike previous ones where they could see big economic problems, let's comfort the market with a really big number, this time we're going to do it month by month. solo the annual figures look very big, they're going to halt qe as long as it looks like there's inflation. >> which means there might not be much market reaction as investors realize that. >>> find out what travelers are still flocking to the shores and how much of that money contributes to eugdp. be back in a few minutes. can i ? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grou at fedex office. >>> these are the headlin
? >> on the fiscal cliff or the >>> you might remember a couple of times i've been here when i want to do something too boring even for the geeky nerd geeks on the "rachel maddow show" and i love you geeky nerd geeks, made me do it in seconds in a short segment called the ezra klein challenge. tomorrow the monthly job numbers are going to come out. everyone will freak out because they will be horrible. economists surveyed by bloomberg news say as low as 86,000. deutsche bank says could be as low as 25,000. don't freak out. in fact, you should probably ignore this report entirely, at least for now. and i'm going to tell you why in a bit less than 90 seconds. ready, clock? go. first remember what the jobs report it. it is a survey. the first numbers we get, the ones we're getting tomorrow, they're preliminary. they get changed over the next few months as better data comes in. the initial numbers are usually off the first time by about 100,000 jobs. what's special about this jobs report is the survey was being taken at the same time hurricane sandy hit. transportation was blocked. power was out for a
of the fiscal cliff debate. >> don't talk about them as if they're entitlement reforms and giveaways. these are programs that people have paid for over their entire working lives and have earned these programs. >> reporter: if lawmakers and the president don't find a compromise, taxes for all american will go up, and across-the-board spending cuts will kick in on january 1. danielle nottingham, cbs news, washington. >>> secretary of state hillary clinton canceled a trip to north africa in the middle east because of a stomach virus. the focus of the trip is the crisis in syria. and the obama administration has granted one group affiliated with the rebels a terrorist organization that has alleged ties to al qaeda. any assets in the u.s. are frozen, and americans are barred from doing business with it. >>> the body of the navy s.e.a.l. killed during a mission to rescue an american doctor from the taliban is on its way home. the family of dr. dilip joseph released a statement praising the s.e.a.l.'s hero im. he was part of seal team six, the unit that killed osama bin laden. it remain un
you. the meltdown that was sure to begin. my next guest says the fiscal cliff is simply y2k fear. joining me now is a chief investment officer. we have had other people talk about it similar to y2k. why do you feel that it is not something to worry about right now, from an investor standpoint. >> first, i think the deal is already settled in was settled a while back. everyone who has negotiated knows that is what goes on. from an investor point of view, i think you will find that the tax rates don't go crazy like everyone thinks. the dividend taxes, for example, you will have 23.5%. all of these captains of industries, what happens when it turned and looked around and say it really was not such a big thing. what will they do? will they go away from dividends and not have anything that has interest. liz: even with a potentially higher tax rate, you are still getting more than 1.6% or 1.7%. >> exactly. look at how many times in history we have had higher dividend taxes. the rate will hit around 20%. it could go as high as 36 or 39%. with that said, 200 companies, roughly, are accel
in washington. speak up for the fiscal cliff is part of the half trillion dollars in cuts to the pentagon. the defense has been saying we will not plan for sequestration's because they don't want to be cautious because it is like a gun to the head. they're now looking into planning for this because we are getting pretty late, and that may become a reality. back to you. melissa: rich edson, thank you so much. lori: let's continue this discussion. it is going to happen, it is exactly what the democrats want. according to scott hodge of the tax foundation. what are some alternatives to raising revenue? joining me with some ideas. to your point, you're written quite extensively on this topic. it seems the economy is poised to fall off the cliff and that's what the democrats and the president wants to happen. >> they want to allow all the bush tax cuts to expire. it happens naturally automatically. they don't even have to vote for it. in january we had to lower taxes for everybody. getting it very simply. lori: a lot of people are concerned. if we do go over the cliff, there's no resolution fo
party, and it comes around the issue of jobs. it comes around the issue of the fiscal cliff talks about what the party wants to be. whether there's going to be a tea party 2 or whether there's something of a vacuum that doesn't get filled with demint leaving the senate. >> all right. david, thank you so much. we'll be watching "meet the press" this sunday as we do every sunday. eugene, thank you as well. your latest column online at washingtonpost.com. >> guard that mustache, gene. >> i'm going to guard it with my life. >> and congressman emanuel cleaver, great to have you on set with us. >>> coming up, nbc chief white house correspondent chuck todd. and later in the show, "the economist" crunched the numbers and came up with the best countries to be born in in 2013. and the united states does not top their list. we'll find out who does ahead on "morning joe." [ male announcer ] there are plenty of reasons to be jolly at the chevy year-end event because chevy's giving more. more efficiency with sonic and cruze... more function in equinox and traverse... more dependability with the legen
geithner says the white house is ready to go over the fiscal cliff if tax rates on the wealthiest don't rise. investors looking for ecb guidance when draghi announces the bank decision later today. and stocks in europe are trading higher. aerospace giant has unveiled its ownership restructuring plans. apple and samsung are heading back to a californian courtroom today to renew their dispute. hearing starts at 4:30 eastern. samsung wants the court to toss out a jury verdict for patent infringement. apple wants to block some sales of samsung smartphones in the united states. apple suffered its worst day in four years and may be creediedi ground in the market. 417 companies in the s&p have a market cap below $35 billion. in frankfurt right now, apple stock down 3%. i'm afraid more bad news, as well, coming out of china. because apparently apple's rang in china smartphone market which will become the largest this year is down two spots to number six in the third quarter. suffering tough competition from chinese brands. this is according to idc. they say the u.s. market share in china unde
a whole lot of fuel to this current debate that is occupying washington over the fiscal cliff and finding a deficit reduction plan and also sort of coupled with trying to avoid these spending cuts and tax increases that are set for the end of the year, don. >> what is that, is that a leaf blower? what's going on behind you? >> reporter: honestly, sometimes -- i think it is a leaf blower. sometimes it's a jack hammer. sometimes it's a leaf blower. sometimes it's a lawn mower. always a lot of work going on here at the white house. >> thank you, brianna keilar. have a great morning. >> from jobs now to labor. protesters are furious that michigan's republican controlled house and senate quickly passed controversial right to work bills. the bills limit the right to strike and picket and employees cannot be forced to pay union dues. democrats and union supporters say this is a huge blow to workers' rights. >> it terrifies me that they're trying to pass this through so quickly with no discussion from the other side, no understanding of what's important in it. >> poppy harlow joins us now from la
today. it's over. why inject the politics? why go there? with so much going on, the fiscal cliff, negotiating back and forth with the house trying to figure out how to avoid massive tax increases and spending cuts, why there? it's all politics. >> steve: one other note, the "wall street journal" says regarding right to work states, between 2000 and 2010, 5 million people moved from union states to right to work states and they have 23% higher rate of income growth per capita in right to work states. so things are thriving in the right to work states. there are 24 of them. 26 still are union states. >> gretchen: eric brought up an interesting point about why isn't the president staying in washington, because now it turns out that the fiscal cliff is actually closer than we thought. it was not coakley january 1 anymore. we've about to go off it any day now because apparently it takes a certain amount of days to actually draft any kind of legislation that they might come to an agreement on and so if you backtrack then from the end of the year and when congress is going to be going h
's court to prevent the so-called fiscal cliff. but is he hinting at new room for compromise on hiking taxes on america's richest? [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. have led to an increase intands clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowledge to make a difference in the lives of others. let's get started at capella.edu there's a health company that can help you stay that way. what's healthier than that? hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and
about the fiscal cliff, affordable care act in laying the groundwork for the 2013-2014 elections. >> why a writers institute? >> i think it is something that is very important. we are a culture of words, of voices. words are a key to our imagination, our capacity to imagine things. we are not completely tied to print on the page. there is no other art form so readily accessible other than perhaps soma, which we work with, too. there is something in literature that captures the human. . the >> joint american history television and c-span local content vehicles as we look behind the scenes of a letter lives of new york city. >> next you hear from bradley manning's attorney about his case. he is accused of leaking classified documents to the web site wikileaks. the trial is under way in maryland. he testified earlier on the conditions he has experienced since being detained in iraq. this is half an hour. >> i really appreciate the turn out here, especially the turn of by the press. thank you for that. i have not participated in any public event for today. i also avoid any interviews with th
in the '90s with billi bill clinton. listen to what he says about the fiscal cliff? >> i think no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two. the president has staked out a position of nonseriousness, i think it's difficult for the house republicans right now to find any practical way to get his attention. >> he's saying go over the cliff rather than accept what the president wants right now. >> i don't need to remind you this is the house speaker who shut down the government and that didn't work so well for the republicans. going over the cliff is something i don't think they want to do earlier. as i keep saying, wolf. the irony to me here is that the larger issues are things they really understand how to resolve, if you look at all their proposals. they just can't get there, because they can't agree on this revenue issue. where does the revenue come from. do you raise the rates on the wealthy? if you do, how much? and that's actually in the whole realm of things a sticking point that one would presume
Search Results 0 to 19 of about 20 (some duplicates have been removed)